2022 Q3 Form 10-Q Financial Statement

#000149315222023765 Filed on August 22, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $2.809M $2.401M $1.975M
YoY Change 80.2% 40.18% 107.72%
Cost Of Revenue $1.852M $1.538M $1.299M
YoY Change 56.46% 37.9% 103.07%
Gross Profit $956.9K $862.8K $675.8K
YoY Change 155.15% 44.45% 117.31%
Gross Profit Margin 34.07% 35.93% 34.22%
Selling, General & Admin $1.225M $1.178M $1.106M
YoY Change 38.71% 42.98% 50.02%
% of Gross Profit 127.99% 136.48% 163.63%
Research & Development $4.778K $4.373K $3.920K
YoY Change -82.08% -79.48% -81.43%
% of Gross Profit 0.5% 0.51% 0.58%
Depreciation & Amortization $30.54K $32.94K $33.86K
YoY Change 87.13% 359.41% 443.5%
% of Gross Profit 3.19% 3.82% 5.01%
Operating Expenses $1.229M $1.182M $1.110M
YoY Change 35.17% 39.89% 46.37%
Operating Profit -$272.6K -$319.1K -$433.9K
YoY Change -49.0% 28.89% -2.97%
Interest Expense $11.55K $9.523K -$10.19K
YoY Change -288.71% 430.53% 167.45%
% of Operating Profit
Other Income/Expense, Net -$11.55K -$10.19K
YoY Change 88.86%
Pretax Income -$284.2K -$328.7K -$444.1K
YoY Change -47.44% 265.97% 0.71%
Income Tax
% Of Pretax Income
Net Earnings -$284.2K -$328.7K -$444.1K
YoY Change -47.44% 265.97% 0.71%
Net Earnings / Revenue -10.12% -13.69% -22.49%
Basic Earnings Per Share $0.00 $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 -$1.106K
COMMON SHARES
Basic Shares Outstanding 409.8M shares 406.4M shares 401.5M shares
Diluted Shares Outstanding 411.8M shares 406.4M shares 401.5M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $577.1K $574.6K $604.3K
YoY Change -21.89% 255.42% 75.71%
Cash & Equivalents $577.1K $574.6K $604.3K
Short-Term Investments
Other Short-Term Assets $315.3K $533.5K $395.4K
YoY Change -37.25% 33.66% 61.47%
Inventory $2.459M $2.323M $2.029M
Prepaid Expenses
Receivables $168.9K $276.8K $268.6K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.575M $3.784M $3.297M
YoY Change 8.36% 93.59% 93.0%
LONG-TERM ASSETS
Property, Plant & Equipment $371.3K $292.0K $654.4K
YoY Change -53.43% -45.92% 16.8%
Goodwill $250.0K $250.0K
YoY Change 0.0%
Intangibles $664.5K $682.7K
YoY Change
Long-Term Investments
YoY Change
Other Assets $20.00K $17.83K $17.83K
YoY Change 13.82% 67.43% 46.75%
Total Long-Term Assets $2.504M $1.616M $1.623M
YoY Change 38.43% 193.38% 183.52%
TOTAL ASSETS
Total Short-Term Assets $3.575M $3.784M $3.297M
Total Long-Term Assets $2.504M $1.616M $1.623M
Total Assets $6.079M $5.399M $4.920M
YoY Change 19.01% 115.53% 115.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.50K $31.44K $18.03K
YoY Change -78.22% -66.75% -80.19%
Accrued Expenses $267.7K $214.1K $208.6K
YoY Change 17.47% 89.82% 89.59%
Deferred Revenue $125.0K $280.5K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $48.18K $38.21K $46.87K
YoY Change -19.04% -52.39% -33.06%
Total Short-Term Liabilities $1.591M $1.991M $1.595M
YoY Change 2.31% 72.21% 63.57%
LONG-TERM LIABILITIES
Long-Term Debt $452.7K $414.9K $421.0K
YoY Change -17.7% 569.79% 94.07%
Other Long-Term Liabilities $930.4K $159.3K $189.1K
YoY Change 220.39% -43.63% -39.59%
Total Long-Term Liabilities $1.383M $574.2K $610.2K
YoY Change 64.56% 66.64% 15.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.591M $1.991M $1.595M
Total Long-Term Liabilities $1.383M $574.2K $610.2K
Total Liabilities $2.974M $2.565M $2.205M
YoY Change 24.15% 70.93% 46.51%
SHAREHOLDERS EQUITY
Retained Earnings -$15.60M -$15.32M
YoY Change
Common Stock $41.85K $40.98K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.104M $2.834M $2.716M
YoY Change
Total Liabilities & Shareholders Equity $6.079M $5.399M $4.920M
YoY Change 19.01% 115.53% 115.72%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$284.2K -$328.7K -$444.1K
YoY Change -47.44% 265.97% 0.71%
Depreciation, Depletion And Amortization $30.54K $32.94K $33.86K
YoY Change 87.13% 359.41% 443.5%
Cash From Operating Activities -$224.4K $15.08K -$290.3K
YoY Change 30.27% -110.37% 15.46%
INVESTING ACTIVITIES
Capital Expenditures -$7.220K $930.00 -$2.880K
YoY Change -20.57% -106.37%
Acquisitions
YoY Change
Other Investing Activities -$21.13K -$30.00K
YoY Change -103.9%
Cash From Investing Activities -$28.34K -$29.07K -$2.880K
YoY Change -105.32% 99.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 255.3K -15.72K 254.4K
YoY Change -24.7% -29.41% 1.67%
NET CHANGE
Cash From Operating Activities -224.4K 15.08K -290.3K
Cash From Investing Activities -28.34K -29.07K -2.880K
Cash From Financing Activities 255.3K -15.72K 254.4K
Net Change In Cash 2.520K -29.71K -38.87K
YoY Change -99.64% -83.7%
FREE CASH FLOW
Cash From Operating Activities -$224.4K $15.08K -$290.3K
Capital Expenditures -$7.220K $930.00 -$2.880K
Free Cash Flow -$217.2K $14.15K -$287.5K
YoY Change 33.1% -110.82% 14.32%

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2291632 usd
us-gaap Operating Expenses
OperatingExpenses
1603061 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-319140 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-247610 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-753038 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-694780 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
10000.00 usd
CY2021Q2 BWMG Gain On Forgiveness Of Loan
GainOnForgivenessOfLoan
159600 usd
BWMG Gain On Forgiveness Of Loan
GainOnForgivenessOfLoan
159600.00 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
9523 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
1795 usd
us-gaap Interest Expense
InterestExpense
19716 usd
us-gaap Interest Expense
InterestExpense
5606 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-328663 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-89805 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-772754 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-530786 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-328663 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-89805 usd
us-gaap Net Income Loss
NetIncomeLoss
-772754 usd
us-gaap Net Income Loss
NetIncomeLoss
-530786 usd
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-10220 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-8633 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-338883 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-89805 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-781387 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-530786 usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
406439244 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
337489134 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
399061998 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
314941270 shares
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
406439244 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
337489134 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
399061998 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
314941270 shares
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
2627655 usd
CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
265000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
35500 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
230034 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-444092 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1587 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
2715684 usd
CY2022Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
12000 usd
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
120000 usd
CY2022Q2 BWMG Stock Issued For Accrued Interest On Convertible Notes
StockIssuedForAccruedInterestOnConvertibleNotes
23048 usd
CY2022Q2 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
11060 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
290707 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-328663 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-10220 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
2833616 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
583804 usd
CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
275000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
125000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
218505 usd
CY2021Q1 BWMG Stock Issued During Period Value Common Stock Issued For Accrued Interest On Convertible Notes
StockIssuedDuringPeriodValueCommonStockIssuedForAccruedInterestOnConvertibleNotes
14777 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-440981 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
776105 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
776105 usd
CY2021Q2 BWMG Stock Issued During Period Value Common Stock Issued For Accrued Interest On Convertible Notes
StockIssuedDuringPeriodValueCommonStockIssuedForAccruedInterestOnConvertibleNotes
60554 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
257370 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-89805 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-89805 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
1004224 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
1004224 usd
us-gaap Net Income Loss
NetIncomeLoss
-772754 usd
us-gaap Net Income Loss
NetIncomeLoss
-530786 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
66802 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13396 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1844 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
104777 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
51581 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
47501 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
125000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
28554 usd
us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
26217 usd
BWMG Stock Based Compensation Options
StockBasedCompensationOptions
520739 usd
BWMG Stock Based Compensation Options
StockBasedCompensationOptions
475875 usd
BWMG Stock Based Compensation Stock Grant
StockBasedCompensationStockGrant
11060 usd
BWMG Stock Issued For Accrued Interest On Convertible Notes
StockIssuedForAccruedInterestOnConvertibleNotes
-23048 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
10000 usd
BWMG Gain On Forgiveness Of Loan
GainOnForgivenessOfLoan
159600 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
153542 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
179482 usd
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-2179 usd
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
109001 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
345004 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
120940 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
306081 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
250909 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3733 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
460227 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
217684 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
136572 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
30000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1946 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14591 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-31946 usd
us-gaap Interest Paid Net
InterestPaidNet
19716 usd
us-gaap Interest Paid Net
InterestPaidNet
4344 usd
BWMG Operating Lease Asset Obtained For Operating Lease Liability
OperatingLeaseAssetObtainedForOperatingLeaseLiability
23294 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14591 usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
275000 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
265000 usd
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
120000 usd
BWMG Shares Issued For Payment Of Convertible Note Interest
SharesIssuedForPaymentOfConvertibleNoteInterest
23048 usd
BWMG Fixed Asset Purchase Down Payment Through Issuance Of Debt
FixedAssetPurchaseDownPaymentThroughIssuanceOfDebt
37098 usd
us-gaap Stock Issued1
StockIssued1
75331 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-7787 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-105093 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
23938 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
15815 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-51581 usd
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-5831 usd
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
84220 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-275257 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-396838 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
25000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
26373 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
22096 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
238627 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
227904 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-68576 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-183525 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
643143 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
345187 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
583765 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
161662 usd
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
64500 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
128700 usd
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
43000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
78000 usd
CY2022Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
22700 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_843_eus-gaap--UseOfEstimates_zPShxAru94l" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_865_zPBTFpVY5YF8">Use of estimates</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2021Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
205500 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
521212 usd
CY2022Q2 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
48602 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
2323468 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
1895260 usd
CY2022Q2 BWMG Foreign Currency Exchange Translation Amount
ForeignCurrencyExchangeTranslationAmount
181615 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
46555 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
46555 usd
CY2022Q2 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
204562 usd
CY2021Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
130000 usd
CY2022Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1000674 usd
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1144190 usd
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
84243 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
99858 usd
CY2022Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
985387 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
128400 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
32900 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
372992 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
214061 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
159322 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
373383 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
245847251 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
205855020 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y7M6D
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
1101604 usd
us-gaap Profit Loss
ProfitLoss
772754 usd
BWMG Non Cash Stock Related Compensation
NonCashStockRelatedCompensation
520739 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-15317359 usd
CY2022Q2 BWMG Working Capital Surplus
WorkingCapitalSurplus
1792309 usd
CY2022Q2 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
31437 usd
CY2021Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
37267 usd
BWMG Royalties Percentages
RoyaltiesPercentages
0.025 pure
CY2022Q2 us-gaap Royalty Expense
RoyaltyExpense
17824 usd
CY2021Q2 us-gaap Royalty Expense
RoyaltyExpense
28031 usd
us-gaap Royalty Expense
RoyaltyExpense
30613 usd
us-gaap Royalty Expense
RoyaltyExpense
39606 usd
CY2022Q2 us-gaap Accrued Royalties Current And Noncurrent
AccruedRoyaltiesCurrentAndNoncurrent
11800 usd
CY2022Q2 BWMG Debt Instrument Convertible Period End Principal Balance
DebtInstrumentConvertiblePeriodEndPrincipalBalance
350000 usd
CY2022Q2 BWMG Debt Instrument Convertible Period End Discount Balance
DebtInstrumentConvertiblePeriodEndDiscountBalance
-8902 usd
CY2022Q2 us-gaap Convertible Debt
ConvertibleDebt
341098 usd
CY2020Q3 us-gaap Equity Issued In Business Combination Fair Value Disclosure
EquityIssuedInBusinessCombinationFairValueDisclosure
1799919 usd
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
294671 usd
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
806933 usd
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Indefinite Lived Intangible Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets
743000 usd
CY2020Q3 us-gaap Goodwill
Goodwill
249986 usd
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
1799919 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
77060 usd
BWMG Asset Acquisition Consideration Transferred Overpayment Allocation
AssetAcquisitionConsiderationTransferredOverpaymentAllocation
72940 usd
us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
10000 usd
us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
160000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
249986 usd
CY2022Q2 us-gaap Goodwill
Goodwill
249986 usd
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y6M
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
2.6912 pure
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
233128266 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.0362
BWMG Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm
P2Y2M23D
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
795201 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1592647 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.0353
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
125000 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
234595913 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.0362
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y9M
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
105200664 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.0322
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
743000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
60354 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
682655 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
36225 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
72467 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
72467 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
72467 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
71367 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
357662 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
682655 usd
CY2010Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
3592647 shares
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.0401
CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
21407353 shares
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4142 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8284 usd
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1022422 usd
CY2014Q3 BWMG Payments Of Security Deposit
PaymentsOfSecurityDeposit
5367 usd
CY2014Q3 us-gaap Payments For Rent
PaymentsForRent
4000 usd
CY2014Q3 BWMG Percentage Of Annual Operating Expenses
PercentageOfAnnualOperatingExpenses
0.1076 pure
CY2014Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2000 usd
CY2016Q4 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2024-09-30
CY2016Q4 us-gaap Payments For Rent
PaymentsForRent
4626 usd
CY2016Q4 BWMG Rent Increased Percentage
RentIncreasedPercentage
0.03 pure
CY2018Q1 us-gaap Payments For Rent
PaymentsForRent
9300 usd
CY2018Q1 BWMG Rent Increased Percentage
RentIncreasedPercentage
0.025 pure
CY2018Q1 BWMG Payments Of Security Deposit
PaymentsOfSecurityDeposit
8450 usd
CY2018Q4 us-gaap Area Of Land
AreaOfLand
8025
CY2018Q4 us-gaap Security Deposit
SecurityDeposit
6527 usd
CY2018Q4 us-gaap Payments For Rent
PaymentsForRent
4848 usd
CY2018Q4 BWMG Rent Increased Percentage
RentIncreasedPercentage
0.03 pure
CY2018Q4 BWMG Percentage Of Annual Operating Expenses
PercentageOfAnnualOperatingExpenses
0.1011 pure
CY2018Q4 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1679 usd
CY2019Q4 BWMG Royalty Increased Percentage
RoyaltyIncreasedPercentage
0.0215 pure
CY2021Q3 BWMG Commission Rate Percentage
CommissionRatePercentage
0.07 pure
CY2021Q3 us-gaap Business Combination Price Of Acquisition Expected
BusinessCombinationPriceOfAcquisitionExpected
2000000 usd
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.06 pure
CY2021Q3 us-gaap Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
2000000 usd
CY2022Q2 us-gaap Payments For Rent
PaymentsForRent
2816 usd
CY2022Q2 BWMG Rent Increased Percentage
RentIncreasedPercentage
0.035 pure
CY2019Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
15870.97 usd
CY2021Q3 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
10000 usd
CY2022Q2 us-gaap Litigation Reserve
LitigationReserve
1000 usd
CY2022Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
5 integer

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0001493152-22-023765-index-headers.html Edgar Link pending
0001493152-22-023765-index.html Edgar Link pending
0001493152-22-023765.txt Edgar Link pending
0001493152-22-023765-xbrl.zip Edgar Link pending
bwmg-20220630.xsd Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
form10-q_001.jpg Edgar Link pending
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bwmg-20220630_def.xml Edgar Link unprocessable
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bwmg-20220630_lab.xml Edgar Link unprocessable
bwmg-20220630_pre.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
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bwmg-20220630_cal.xml Edgar Link unprocessable